An assumption in agency costs theory is that agency costs can exert a negative impact on firm performance. In this study, we examine the impact of agency costs on firm performance of Vietnamese listed companies. Our sample includes 736 companies in Vietnam during the period from 2010 to 2015. We find that agency costs exert a negative impact on firm performance. Our results are robust to alternative econometric models, including an instrumental variables technique and a system generalized method of moment model. In addition, we show that a debt instrument can be a useful tool to reduce the negative impact of agency costs on firm performance.

This study investigates the impact of minority shareholder protection on corporate dividend policy. On one hand, strong minority shareholder protection can be associated with a reduction in dividend payment because shareholders want to receive more dividends to mitigate agency costs. On the other hand, weak minority shareholder protection can lead to an increase in dividend payment since shareholders, in order to protect themselves, may require the company to pay more dividends to compensate for weak minority shareholder protection. Our sample consists of 101 Vietnamese listed firms in the material industry during the period from 2015 to 2021. Employing a pooled ordinary least squares (OLS) model, we find a negative impact of minority shareholder protection on corporate dividend payment. To deal with the endogeneity problem, we apply a system generalized method of moments (GMM) method. The main result estimated from this method is qualitatively unchanged. The finding of this paper suggests that the manager of a company should enhance the corporate governance of the company to protect the minority shareholders.

This paper is aimed to identify the factors influence e-payment adopting intention among university students in Hanoi. The number of e-payment users is continuous increasing; it is comparison with the data from the research in the past. This paper chooses to carry this topic with the reason of pointing out the factors have the impact on e-payment adopting intention for the supplier can improve their services. The data used in the study was surveyed based on questionnaires from university students in Hanoi in order to give feedback of potential clients to e-payment supplier knows the client desires. In the results which are showed by some test and the multiple linear regression model, it is found that there are 8 factors, 4 of them have the same result with the hypothesis and have positive relationship with e-payment adopting intention. The factor has the greatest impact on e-payment adopting intention with 1% increases of it will make the intention in adopting e-payment increase 0.378%. So that, for increasing the intention of university students - young adult client, e-payment supplier should teach and introduce to them how to use the e-payment framework. Finally, this paper wants to give the viewpoint of young adults about their intention of e-payment for suppliers to know the desire of their potential clients. Keywords: E-payment, Perceived Easily Usability, Perceived Security, Self-proficient, Trustworthy